The Compound Annual Growth Rate (CAGR) calculator is a tool used to determine the average annual growth rate of an investment over a specified period. It is particularly useful for assessing the performance of long-term investments such as stocks, mutual funds, and retirement accounts.

The formula for calculating CAGR is:

        CAGR = ((Final Value / Initial Value)^(1 / Number of Years)) - 1
            

Where:

• Final Value: The ending balance or value of the investment.
• Initial Value: The starting balance or value of the investment.
• Number of Years: The total number of years over which the investment has grown.